Wilco Motor Spares Limited
01022320
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 21/01/1997
AREA MANAGER
BRITISH · ENGLAND · Age 63
Also on 1 other board
director · Since 21/01/1997
DIRECTOR
BRITISH · ENGLAND · Age 56
Also on 8 other boards
director · Since 12/07/2006
ACCOUNTANT
BRITISH · ENGLAND · Age 58
Also on 25 other boards
Persons with Significant Control
Mr Richard John Shortis
British · England · Age 56
186-200 Salhouse Road, Norfolk, NR7 9AH
Notified 14/06/2019
Former PSCs
Mr Kevin John Shortis
Ceased 14/06/2019
CompanyRankvs 1411+ SIC 45320 peers66
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/01/2025
Turnover
£8.4M
Annual revenue
Net Worth
£2.3M
Balance sheet strength
Cash
£8k
Cash in the bank
Profit Before Tax
-£395k
Bottom line earnings
Net Current Assets
-£468k
Working capital
Current Assets
£2.1M
Current Liabilities
£2.6M
Fixed Assets
£2.8M
Debtors
£196k
Cost of Sales
£4.0M
Gross Profit
£4.4M
Admin Expenses
£4.9M
Operating Profit
-£395k
Profit After Tax
-£320k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.82 | -£320k |
| 2024 | 0.93 | -£311k |
| 2023 | 1.72 | — |
| 2022 | 2.18 | — |
| 2019 | 4.01 | — |
Derived from filed accounts. Not audited figures.